Kenya : Ruto Outlines Roadmap for Africa to Rival First World Countries
on 2023/7/17 16:01:56

Click to see original Image in a new window
President William Ruto on Sunday, July 16, explained that it was possible for the African continent to achieve stability and economic prosperity witnessed in developed nations.

The President, who was speaking during the opening session of the 5th Mid-year Coordination Meeting of the African Union (AU), remarked that it was time for the continent to lift itself from the shackles of poverty.
Ruto, while outlining what needed to be done, noted that African leadership should signal urgency, focus, consistency, and determination to sustainably manage and solve prevailing challenges and develop robust instruments to anticipate and pre-empt future crises.

“It is with such commitment, that we have the confidence to pursue sustainable development and shared prosperity and expect that Agenda 2063 is now firmly on course,” he remarked.

Agenda 2063 is a master plan and blueprint prepared by AU that creates a framework for transforming Africa into the global powerhouse of the future.

Ruto noted that one way to achieve Agenda 2063 was the implementation of the Africa Continental Free Trade Area (AFCTA).

Ruto noted that AFCTA would open doors for unprecedented socioeconomic transformation.

“We must all be proud of this magnificent project, a historic achievement by and for ourselves, whose positive effects will reverberate throughout the world for a long time to come,” he beseeched fellow Heads of State to support the free market.

According to Ruto, AFCTA had inaugurated the world’s largest free-trade area comprised of 54 countries agreeing to create a single market with a population of 1.4 billion and a Gross Domestic Product (GDP) of Ksh482 trillion.

Once fully operational, the free trade area is projected to lift 30 million people out of extreme poverty and boost incomes by 7 per cent by 2035 according to Ruto.

“This is the magnitude of what typical Pan-African collective action can achieve, and we are only getting started,” he promised.

AFCTA is one of 13 flagship projects of Agenda 2063 that aims to make the continent a global economic powerhouse and cut dependence on developed nations.

“It is more critical now, that we marshal our collective consciousness, to fulfil our fundamental generational mandate of introducing Africa as a new global power, ready and able to provide leadership towards a new industrial age that shall simultaneously usher in an era of inclusive development, shared prosperity, and effective climate action,” Ruto explained his vision for Africa.

Previous article - Next article Printer Friendly Page Send this Story to a Friend Create a PDF from the article

Other articles
2023/7/22 15:36:35 - Uncertainty looms as negotiations on the US-Kenya trade agreement proceeds without a timetable
2023/7/22 13:48:23 - 40 More Countries Want to Join BRICS, Says South Africa
2023/7/18 13:25:04 - South Africa’s Putin problem just got a lot more messy
2023/7/18 13:17:58 - Too Much Noise Over Russia’s Influence In Africa – OpEd
2023/7/18 11:15:08 - Lagos now most expensive state in Nigeria
2023/7/18 10:43:40 - Nigeria Customs Intercepts Arms, Ammunition From US
2023/7/17 16:07:56 - Minister Eli Cohen: Nairobi visit has regional and strategic importance
2023/7/17 16:01:56 - Ruto Outlines Roadmap for Africa to Rival First World Countries
2023/7/17 15:47:30 - African heads of state arrive in Kenya for key meeting
2023/7/12 15:51:54 - Kenya, Iran sign five MoUs as Ruto rolls out red carpet for Raisi
2023/7/12 15:46:35 - Ambassador-at-Large for Global Women’s Issues Gupta Travels to Kenya and Rwanda
2023/7/2 14:57:52 - We Will Protect Water Catchments
2023/7/2 14:53:49 - Kenya records slight improvement in global peace ranking
2023/7/2 13:33:37 - South Sudan, South Africa forge joint efforts for peace in Sudan
2023/7/2 12:08:02 - Tinubu Ready To Assume Leadership Role In Africa
2023/7/2 10:50:34 - CDP ranks Nigeria, others low in zero-emission race
2023/6/19 15:30:00 - South Africa's Ramaphosa tells Putin Ukraine war must end
2023/6/17 15:30:20 - World Bank approves Sh45bn for Kenya Urban Programme
2023/6/17 15:25:47 - Sudan's military govt rejects Kenyan President Ruto as chief peace negotiatorThe Sudanese military government of Abdel Fattah al-Burhan has rejected Kenyan President William Ruto's leadership of the "Troika on Sudan."
2023/6/17 15:21:15 - Kenya Sells Record 2.2m Tonnes of Carbon Credits to Saudi Firms

The comments are owned by the author. We aren't responsible for their content.